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The Frugal Fiduciary Small Business 401(k) Blog

Get the latest industry news, deadlines and tips you need to know to help tackle your fiduciary responsibility needs.
How Much Time Does Annual 401(k) Administration Take?

How Much Time Does Annual 401(k) Administration Take?

By: Eric Droblyen

July 8th 2020

401(k) administration shouldn't take small businesses much time. A quality provider will do the heavy lifting, leaving an owner with basic tasks to complete.
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The DOL Finalizes New Electronic 401(k) Disclosure Rules

The DOL Finalizes New Electronic 401(k) Disclosure Rules

By: Eric Droblyen

June 24th 2020

The new DOL rule would allow employers to electronically deliver required 401(k) notices to all plan participants by e-mail or by posting them to a website.
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401(k) Amendment Rules – Strict, but (Mostly) Straightforward

401(k) Amendment Rules – Strict, but (Mostly) Straightforward

By: Eric Droblyen

September 18th 2019

The Internal Revenue Service has strict rules for amending 401(k) plan documents. To stay out of trouble, employers should understand some amendment basics.
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The 401(k) Form 5500 – Frequently Asked Questions (FAQ)

The 401(k) Form 5500 – Frequently Asked Questions (FAQ)

By: Eric Droblyen

March 7th 2018

The Form 5500 discloses 401(k) plan information to the Federal government and plan participants. Employers must understand their plan's filing requirements.
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401(k) Plan Compensation – What Employers Need to Know

401(k) Plan Compensation – What Employers Need to Know

By: Eric Droblyen

February 21st 2018

A 401k plan can require multiple definitions of employee compensation. To keep their plan in legal compliance, employers must understand all of them.
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Top 10 401(k) Mistakes Found in the IRS Voluntary Compliance Program

Top 10 401(k) Mistakes Found in the IRS Voluntary Compliance Program

By: Eric Droblyen

October 18th 2017

Severe consequences can result when a 401(k) plan fails to meet one or more of the plan qualification requirements – including IRS penalties for the employer.
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Acquisition or Merger? Don’t Overlook the Seller’s 401(k) Plan!

Acquisition or Merger? Don’t Overlook the Seller’s 401(k) Plan!

By: Eric Droblyen

May 17th 2017

After acquiring a company with a 401(k), there 3 options for the plan - merge it into their own plan, keep it stand-alone, or terminate it.
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